NZ dollar range-bound as global slowdown risk weighs on sentiment

Thu, 22 Nov 2018

By Rebecca Howard Nov. 22 (BusinessDesk) - The New Zealand dollar stuck to a tight range as markets continue to fret about a possible global economic slowdown. The kiwi traded at 68.11 US cents at 5pm in Wellington from 68.36 US cents at 8am and from 67.96 cents yesterday. The trade-weighted index was at 74.34 from 74.28. Markets are increasingly jittery about a negative impact on global growth while the US-China trade dispute remains unresolved. Overnight the Organisation for Economic Cooperation and Development revised down growth f...

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